https://www.acumenresearchandconsulting.com/
Home Services Industry Services Press Releases About Us Blogs Report Store Contact us

Homecare Ventilator Market - Global Industry Analysis, Market Size, Opportunities and Forecast 2021 - 2030

Published : Jun 2021

Report ID: ARC2677

Pages : 250

Format : Homecare Ventilator Market - Global Industry Analysis, Market Size, Opportunities and Forecast 2021 - 2030

Homecare is gaining importance across the globe. In-home care services can help someone who is aging and needs assistance to live independently; is managing chronic health issues; is recovering from a medical setback; or has special needs or a disability.

Market Dynamics

Consumers approach towards healthcare is changing. Their inclination towards adoption of home healthcare in order to avoid hospital stay is gaining traction. Elderly people are highly concerned about the hospital environment with the increasing number of cases due to hospital infection is making them reluctant to hospital admission/treatment. In American hospitals alone, the Centers for Disease Control (CDC) estimates that HAIs account for an estimated 1.7 million infections and 99,000 associated deaths each year. 32 percent of all healthcare-acquired infections are urinary tract infections and 22 percent are surgical site infections. High spending capacity, availability of reimbursement policies, and increasing per capita spending on homecare is surging demand for homecare services providing advanced healthcare devices. According to CDC, spending for freestanding home health care agencies increased 4.3 percent in 2017, the same rate as 2016, to US$ 97.0 Bn.  These are major factors that are expected to drive the growth of global homecare ventilator market. Rising pandemic effect across the globe and demand for advanced ventilators from homecare patients is expected to support the market growth. Increasing R&D activities by major players for development of smart ventilators with advanced features and adoption of advanced manufacturing techniques in order to ramp-up the production capabilities to cater the rising product need is expected to augment the homecare ventilator market growth. In addition, introduction of innovative solutions in order to attract new customers is expected to support the homecare ventilator market growth.

In 2020, Zorgers, a global medical product manufacturer launched new products pertaining to the covid-19 impact. The company with its two partners launched a series of products including home ventilator. This product launch is expected to help the company to enhance the business and increase the revenue share in the global market.

In 2020, Royal Philips, a global consumer product manufacturing company launched “Philips Ventilator BiPAP A40 EFL” a non-invasive ventilator for homecare purpose. The product launch is expected to help the company to enhance the product portfolio and increase the revenue.

Major payers approach toward enhancing the business in emerging economies and track the untapped market through acquisitions and partnerships is expected to boost the market growth. Factors such as stringent government regulations related to product approval and lack of developed infrastructure in developing countries in order to support the advanced devices are expected to hamper the growth of global homecare ventilator market. In addition, high cost of devices is expected to challenge the growth of target market. However, increasing investment by major players for product development and introduction of cost-effective solutions are factors expected to create new opportunities for players operating in homecare ventilator market over the forecast period. In addition, increasing partnership between regional and international players is expected to support the revenue transaction of the target market.

Segment Analysis by Region

The market in North America is expected to account for major revenue share in the global homecare ventilator market due to increasing consumer’s preference of homecare. In addition, availability of developed infrastructure and introduction of innovative solutions are factors expected to support the growth of target market. Increasing merger & acquisition activities by major players in order to enhance the business and increase the customer base is expected to augment the regional homecare ventilator market growth.

Competitive Landscape      

The global homecare ventilator market is highly competitive due to presence of large number of players and innovative product offerings. In addition, business expansion activities through partnerships and agreements are factors expected to further increase the competition.

Homecare Ventilator Market Segment Analysis, 2019

The global homecare ventilator market is segmented into type, age group, and mode. The type segment is divided into pneumatic ventilators, electronic ventilators, and electro-pneumatic ventilators. Among type the pneumatic ventilators segment is expected to account for major revenue share in the global homecare ventilator market. The mode segment is bifurcated into combined-mode ventilation, volume-mode ventilation, pressure-mode ventilation, and other modes. The players profiled in the report are Fisher & Paykel Healthcare Corp. Ltd., Philips Healthcare, Medtronic Plc, ResMed Inc., and Vyaire Medical Inc.

Market Segmentation

Market By Type

Pneumatic Ventilators
Electronic Ventilators
Electro-pneumatic Ventilators

Market By Age Group

Adult
Pediatric

Market By Mode

Combined-mode Ventilation
Volume-mode Ventilation
Pressure-mode Ventilation
Other Modes

Market By Geography

North America
•    U.S.
•    Canada

Europe
•    U.K.
•    Germany
•    France
•    Spain
•    Rest of Europe

Asia-Pacific
•    China
•    Japan
•    India
•    Australia
•    South Korea
•    Rest of Asia-Pacific

Latin America
•    Brazil 
•    Mexico
•    Rest of Latin America

Middle East & Africa
•    GCC
•    South Africa
•    Rest of Middle East & Africa

Frequently Asked Questions

Which is the major factor expected to drive the global market?

Increasing R&D activities by major players for development of smart ventilators with advanced features and adoption of advanced manufacturing techniques in order to ramp-up the production capabilities to cater the rising product need is expected to augment the homecare ventilator market growth.

Which segment is growing in type segment?

In type the pneumatic ventilators segment is growing at faster pace.

Which region is expected to grow faster?

In the global market the Asia Pacific region is expected to grow faster.

What are the players considered in the report scope?

Some of the players considered in the report scope are Fisher & Paykel Healthcare Corp. Ltd., Philips Healthcare, and Medtronic Plc.

Which region is expected to account for major revenue share in the global market?

The North America is expected to account for major revenue share in the global market.

Which segment is growing faster in age group?

In age group the pediatric segment is growing at faster pace.

Which is the major factor expected to hamper the growth of global market?

Factors such as stringent government regulations related to product approval and lack of developed infrastructure in developing countries in order to support the advanced devices are expected to hamper the growth of global homecare ventilator market.

Select Licence Type

Single User

US$ 4500

Multi User

US$ 7000

Excel Datapack

US$ 2000

Why Acumen Research And Consulting

100%

Customer Satisfaction

24x7

Availability - we are always there when you need us

200+

Fortune 50 Companies trust Acumen Research and Consulting

80%

of our reports are exclusive and first in the industry

100%

more data and analysis

1000+

reports published till date